Saba Capital Amends 13D Filing for Federated Hermes Muni Fund
Ticker: FMN · Form: SC 13D/A · Filed: Oct 21, 2024 · CIK: 1199004
Sentiment: neutral
Topics: activist-investor, sec-filing, amendment
TL;DR
Saba Capital just updated its 13D filing for Federated Hermes Muni Fund - check for changes in their stake.
AI Summary
Saba Capital Management, L.P. has filed an amendment (No. 9) to its Schedule 13D concerning Federated Hermes Premier Municipal Income Fund. The filing, dated October 21, 2024, indicates a change in the reporting of Saba Capital's holdings in the fund's common shares.
Why It Matters
This amendment signals ongoing activity or changes in Saba Capital's stake and strategy regarding the Federated Hermes Premier Municipal Income Fund, potentially impacting the fund's market perception and investor sentiment.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate shifts in activist investor strategies or significant changes in holdings, which can introduce volatility.
Key Numbers
- Amendment No. 9 — Filing Amendment (Indicates this is a significant update to previous filings.)
Key Players & Entities
- Saba Capital Management, L.P. (company) — Reporting Person
- Federated Hermes Premier Municipal Income Fund (company) — Subject Company
- Boaz R. Weinstein (person) — Group Member of Saba Capital Management GP, LLC
FAQ
What specific changes are detailed in Amendment No. 9 of the Schedule 13D filing?
The filing itself does not detail the specific changes within this header information; a full review of the amended document would be required to ascertain the exact nature of the changes.
What is the CUSIP number for Federated Hermes Premier Municipal Income Fund's common shares?
The CUSIP number for the common shares of Federated Hermes Premier Municipal Income Fund is 31423P108.
Who is the subject company in this SC 13D/A filing?
The subject company is Federated Hermes Premier Municipal Income Fund.
When was this SC 13D/A filing submitted?
This SC 13D/A filing was submitted on October 21, 2024.
What is the relationship between Saba Capital Management, L.P. and Federated Hermes Premier Municipal Income Fund according to this filing?
Saba Capital Management, L.P. is filing as a Reporting Person, indicating it holds a significant stake in the common shares of Federated Hermes Premier Municipal Income Fund.
Filing Stats: 1,333 words · 5 min read · ~4 pages · Grade level 11.8 · Accepted 2024-10-21 20:10:41
Key Financial Figures
- $0.01 — Fund (Name of Issuer) Common Shares, $0.01 par value (Title of Class of Securiti
- $4,492,719 — ported herein. A total of approximately $4,492,719 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 54KB
- 0001062993-24-017823.txt ( ) — 56KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: October 21, 2024 SABA CAPITAL MANAGEMENT, L.P. By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Chief Compliance Officer SABA CAPITAL MANAGEMENT GP, LLC By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Authorized Signatory BOAZ R. WEINSTEIN By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Attorney-in-fact* * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823 CUSIP No. 31423P108 SCHEDULE 13D/A Page 7 of 7 Pages Schedule A This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital since the filing of the Schedule 13D/A on 10/15/24. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 10/18/2024 Sell 682,929 12.67